|

Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Terra – European Wrap 8 June

Bitcoin Price Prediction: BTC sets sight on $34,000

Bitcoin (BTC) price is set to jump at least 13% as tailwinds hover over global markets. Although the background is still tainted by central bank tightening – with the Indian Reserve Bank the latest to join the RBA in implementing a a 50 bp hike – , traders are seeing the upside potential from governments slashing taxes to support living and spending patterns for households, and thus safeguarding the cash inflow into cryptocurrencies. As a result, cryptocurrencies overall are seeing their price action underpinned. BTC price, for example, did not make new lows as expected but is trading sideways and is ripe for a breakout towards $34,000, with the 55-day Simple Moving Average (SMA) as a cap on the topside for now. 

Bitcoin Price Prediction: BTC sets sight on $34,000

How prices would react ahead of Ethereum’s Merge launch on testnet

Ethereum price has been dillydallying for quite some time thanks to Bitcoin’s tight consolidation. With intraday price action looking like a pump-and-dump for BTC, altcoins seem to have managed to evolve.

ETH/USDT 4-hour chart

These indicators show Terra’s LUNA 2.0 price will quadruple

LUNA 2.0 price has been in a downtrend since May 30 and has finally reached the lower limit of its range, suggesting that a reversal is likely. Investors need to be careful because this bullish outlook could fail if bears keep LUNA below the range low.

 
LUNA/USDT 1-hour chart

 

Author

More from FXStreet Team
Share:

Editor's Picks

Solana Price Forecast: SOL consolidation near resistance as ETF inflows offer mild support

Solana price is facing slight rejection as it approaches the upper boundary of the consolidation range at around $88 on Wednesday. Institutional demand is strengthening as spot Exchange Traded Funds recorded two consecutive inflows so far this week.

Bitcoin holds firm despite Middle East tensions, eyes recovery - K33

Bitcoin (BTC) held steady near $68,000 despite Middle East tensions, as K33 cited easing long-term selling pressure, rare derivatives signals, and improving inflows as indicators of a rebound.

Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple struggle for direction as consolidation persists

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market.

Ethereum Price Forecast: Whales step up buying as short positions contract

After holding firm heading into the last weekend, Ethereum (ETH) whales have returned to action, pouncing on the volatility stemming from escalating military actions between the US and Iran.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.